Work underway on 900K sq.ft. Edison distribution building

Looking to feed the demand for new big-box industrial space, Seagis Property Group says it has broken ground on a more than 900,000-square-foot distribution building in Edison.

Morristown office building fetches 20M

A boutique office building in downtown Morristown has been sold for 20 million.

Marcus Millichap signs lease for Class A property in Saddle Brook

Marcus Millichap announced it has signed a 10,000 square-foot Class A office space in Saddle Brook.

Hampshire sells industrial facility in Mass.

The Hampshire Companies has sold an industrial building in North Andover, Massachusetts, it announced Thursday.

Marcus Millichap complete 2.8M sale of Paterson apartment building

Marcus Millichap sold the Oak Redwood Apartments in Paterson for 2. 8 million, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

WIP sells Class A industrial property in Lehigh Valley

Woodmont Industrial Partners has sold a Class A, 385,000-square-foot industrial property in Kutztown, Pennsylvania, it announced Thursday.

Electronics manufacturer leases industrial space in Somerville

Powerspec Inc. , a custom electronic contract manufacturer, has leased a 9,000-square-foot industrial property in Somerville, Bussel Realty Corp. announced Wednesday.

Amazon to open two more fulfillment centers in New Jersey

Amazon announced Wednesday morning that it plans to open two more fulfillment centers in New Jersey the move will add more than 2,000 full-time jobs to the state.

Bewel named managing director of Alliance Residential's Secaucus office

By early fall, the luxury apartment building known as Broadstone at River&#8217s Bend is slated to be open for leasing, becoming the latest option for renters in downtown New Brunswick.

Mack-Cali strengthens presence in two of N.J.'s office markets

Mack-Cali Realty Corp. has beefed up its presence in two of the state&#8217s top office markets.

Sally Beauty signs lease in Watchung

Salon products retailer Sally Beauty Supply has signed a lease at the Blue Star Shopping Center in Watchung, according to Levin Management.

Parsippany office building sold

An office building in Parsippany has changed hands, according to real estate firm NAI James E. Hanson.

Sally Beauty signs lease in Watchung

Salon products retailer Sally Beauty Supply has signed a lease at the Blue Star Shopping Center in Watchung, according to Levin Management.

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Construction begins on second Fort Lee high-rise tower

A second glass residential tower will rise next to the George Washington Bridge in Fort Lee, following the success of SJP Properties' 47-story luxury high-rise known as The Modern.

Construction begins on Jersey City residential building

Construction is underway at 207 Van Vorst St. in Jersey City, where Fields Development Group is building the first of two 15-story residential buildings with ground-floor retail space.

Redevelopment under way at former Thomas Edison factory complex

The former Thomas Edison factory complex in West Orange is on its way to becoming a mixed-use center, serving as the anchor to a sweeping redevelopment around the historic property.

Condo building 'Linc 52' makes its debut in Orange

RPM Development Group has opened the doors to Linc 52 at Orange Station, a new five-story condominium building that sits just steps from an NJ Transit rail station in Orange.

New pressure on prospective tenants to make decisions about space, Transwestern says

After a few years of &#8220kicking tires&#8221 and half-hearted inquiries with landlords, New Jersey office tenants in have grown increasingly serious about taking the plunge to upgrade their space.

Quiz: Commercial Real Estate Lending Trends

The information from this quiz was taken from the NAR report Commercial Real Estate Lending Trends.

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Sitar Realty involved in numerous deals

Iselin-based Sitar Realty Company was involved in a number of recent real estate transactions, it announced.

Goldstein Group to handle leasing at 20-plus properties

The Goldstein Group has been named the exclusive leasing agent for more than 20 properties around the state, it announced Monday.

Colliers to handle sale of 650K sq.ft. Hackensack office park

Colliers International has been hired to guide the sale of a 650,000-square-foot, four-building office park in Hackensack, the real estate services firm announced.

INNOVATION Bayer aiming to stay one step ahead

Bayer is proud its name always will be associated with its aspirin. But as it expands its footprint in New Jersey, Bayer officials say it also wants to be known as something else A global company at the forefront of innovation.

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New Jersey and Italy Perfect together

Let's be clear Maurizio Forte is the trade commissioner and executive director for the USA of the Italian Trade Agency.

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Food and beverage in N.J. Milk, Bread ... and Beer?

While updating liquor license laws for restaurants appears to be the main focus in Assemblyman John Burzichelli's bill, some are now wondering if another stalled piece of related legislation that focuses on supermarkets and larger entities may also see some movement.

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WCRE represents sale of office property in Cherry Hill

WCRE announced that it has exclusively represented the owner, C. H. Associates in the sale of 496 North Kings Highway in Cherry Hill.

Law firm Norris McLaughlin Marcus relocates within Central Jersey

Cushman Wakefield has completed a 61,642-square-foot, 13-year office lease on behalf of the law firm of Norris McLaughlin Marcus in Bridgewater, it announced Thursday.

Avaya moving to Morris County as Daiichi Sankyo takes its place in Basking Ridge

Avaya Inc. will move its regional offices to Morris County, its landlord said, as another major corporate tenant prepares to move into the telecom giant's existing space in Somerset County.

Advance moving forward with town center in Bridgewater after key local approval

Advance Realty says it has received zoning approval to redevelop 62 of the 110 acres at the former Sanofi U. S. research campus in Bridgewater, paving the way for a mixed-use town center that will complement the suburban commercial space at the site.

Ground broken for Montclair hotel project

Construction is underway on what will be Montclair's first new hotel in nearly 80 years.

Health care case study has real estate experts talking at conference

All told, 20 panelists turned out last week for the Rutgers Center for Real Estate's Future of Healthcare Real Estate Symposium in New Brunswick, from health care executives and consultants to developers and public officials.

RWJBarnabas' Ostrowsky Changes in health care demand real estate creativity

As a hospital system executive seated before a crowd of real estate experts, Barry Ostrowsky had the opportunity to issue a challenge Bring your creativity to the health care sector.

Daiichi Sankyo consolidating two N.J. facilities in new U.S. HQ

Pharmaceutical company Daiichi Sankyo Inc. is consolidating its New Jersey facilities in a new U. S. headquarters in Basking Ridge, it announced Monday.

Mack-Cali's Roseland unit pays 85M to boost ownership in variety of projects

The unit that oversees multifamily property for Mack-Cali Realty Corp. has increased its ownership interest in several sites, including several along the Hudson waterfront.

Health care, real estate and their interaction with the government studied at Rutgers event

Bringing role-playing to real world players shed some light on some of the issues between health care and real estate &#8212 and how the two interact with the government.

Baby steps How to go green early #8212 Finn Emma proving baby clothes, toys can be good looking and good for the environment

Does the world really need another cute onesie or wood rattle? That might depend on how it looks &#8212 and what it's made of.

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White Conveyors Excellence is the family business

Mary Speckhart always knew her future was with her family's manufacturing company, White Conveyors. So, she studied engineering, just like her dad. A few years after graduating, she got the call Her services were needed at the company. Just not where she expected.

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Why they're staying yes, staying in N.J.

For UPS, there was much to like about Georgia when it came to finding a new home for the IT professionals scattered across North Jersey.

Vision Real Estate Partners appoints SVP

Vision Real Estate Partners has appointed David J. Iacobucci as senior vice president, it announced Friday.

Deutsche Bank sells Maher Terminals to investment fund

Maher Terminals USA LLC, which operates out of Port Elizabeth, is being sold by owner Deutsche Bank, it announced Thursday.

Kushner Cos. adds Leonia complex to N.J. apartment portfolio

Kushner Cos. has closed on 18. 4 million in financing after acquiring a 106-unit multifamily complex in Bergen County, the firm announced Friday.

Colliers arranges Billtrust relocation, expansion to Denver

Colliers International arranged a relocation and expansion for Billtrust in Denver.

Behavioral health center relocates within Marlton

Pinnacle Behavioral Health Institute has moved its New Jersey headquarters to a new site in Marlton, according to Wolf Commercial Real Estate.

LEG finishes upgrades, begins leasing space at Class A property in Morristown

Lincoln Equities Group LLC has finished renovations and begun leasing space at a Class A property in Morristown.

Marcus Millichap complete 3.72 sale of apartment units in Union County

Marcus Millichap announced the 3. 72 million sale of 36 apartment units located in Union County, according to Brian C. Hosey, regional manager of the firm&#8217s New Jersey office.

NAI Hanson arranges sale of industrial property in East Rutherford to The Hampshire Companies

NAI James E. Hanson, a commercial real estate firm, has brokered the sale of The Landmark property, an industrial building in East Rutherford, to The Hampshire Companies, it announced Tuesday.

Webinar: Changes to the Foreign Investment in Real Property Tax Act (FIRPTA)

Learn about residential and commercial tax implications and compliance with the Foreign Investment in Real Property Tax Act.

• Watch the recorded webinar
• Download the presentation

 

The Protecting American Taxpayers From Tax Hikes Act (PATH), enacted in December 2015, included several important changes to the Foreign Investment in Real... Read More

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The Rockefeller Group appoints senior manager of development, financial analysis

The Rockefeller Group announced that real estate industry professional Mikki Columbus has joined the company as senior manager of development and financial analysis.

Paladino to Lucas New Brunswick is 'a solid Plan B' for narrative art museum

When a tenant or large employer hits a roadblock in another city, it's not uncommon for Chris Paladino to send them a gentle reminder New Brunswick is both progressive and development-friendly &#8212 and it happens to be within an hour's drive of 20 million people.

NGKF Renovations at Parsippany building yield leases with pharma, construction firms

Tenants have leased more than 22,000 square feet in two recent deals at 339 Jefferson Road in Parsippany, a three-story office building that is undergoing a series of renovations.

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NGKF Renovations at Parsippany building yield leases with pharma, construction firms

Tenants have leased more than 22,000 square feet in two recent deals at 339 Jefferson Road in Parsippany, a three-story office building that is undergoing a series of renovations.

Newmark Grubb Knight Frank brokers industrial lease in Fairfield

A pharmaceutical firm has leased nearly 15,000 square feet at a Fairfield industrial building, in a transaction brokered by Newmark Grubb Knight Frank, the real estate services firm announced.

Real estate students, industry veterans convene at Monmouth University career night

Monmouth University students came face to face with commercial real estate industry professionals late last month, as the school's Kislak Real Estate Institute hosted its annual career night at the West Long Branch campus.

Pinnacle, KABR unveil new age-restricted homes in West Caldwell

The KABR Group and The Pinnacle Cos. have opened the doors to a new 30-unit luxury rental community in suburban Essex County, the developers announced.

Colliers to lead leasing efforts for Bell Works retail space

Colliers International has been hired as the exclusive retail leasing agent for Bell Works, the 2 million-square-foot redevelopment project at the former Bell Labs complex in Holmdel.

Prologis unveils plans for new Fedway distribution center in Elizabeth

Prologis Inc. will build a 539,000-square-foot distribution center in Elizabeth for Fedway Associates, a wine and spirits distributor, under a build-to-suit agreement detailed Monday.

Cushman Wakefield complete Kiddie Academy lease in Morris County

Kiddie Academy is the latest to lease space at a 34,000-square-foot, two-story office building in Morris County, according to Cushman Wakefield.

JLL Dominance of transit hubs continues in N.J. office market

The gap between New Jersey&#8217s transit-centric office markets and its suburban locales continued to grow in 2015, driven by the needs of companies seeking to attract a millennial workforce.

Gebroe-Hammer completes multiple property sales in Elizabeth, Sparta

Gebroe-Hammer Associates has completed multiple property sales in Elizabeth and Sparta, it announced Monday.

Goldstein Group places several food markets throughout N.J.

The Goldstein Group, a commercial real estate brokerage firm, has placed several independently-owned food markets throughout New Jersey, Chuck Lanyard, president of The Goldstein Group, announced Monday.

EarthWise Pets leases space in Turnersville

New South Properties has leased retail space to EarthWise Pets at the Fries Mills Plaza in Turnersville, WCRE announced Friday.

EarthWise Pets leases space in Turnersville

New South Properties has leased retail space to EarthWise Pets at the Fries Mills Plaza in Turnersville, WCRE announced Friday.

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Monmouth Real Estate Investment Corp. acquires industrial building for 30.6M

Monmouth Real Estate Investment Corp. has acquired a 210,445-square-foot industrial building in Burlington, Washington, for 30. 6 million.

Lofty ambition Something old, something new #8212 How Mill Creek embraced its building

There's no doubting Modera Lofts was built to compete in the high-end rental market that is downtown Jersey City, from its full range of luxury amenities to its stainless steel appliances, to its prime location just two blocks from the Grove Street PATH station.

Career development Architects increasingly discovering they have skills to serve as the developer of large-scale projects, too

It was around 10 a. m. on a morning in 1977 when Stephen Schwartz, driving down Northfield Avenue in West Orange, saw a two-story home for sale at the Interstate 280 exit ramp.

Architecture firm looking toward health care projects

For DMR Architects, a relationship with Robert Wood Johnson Health System goes back 15 years and spans more than 20 projects &#8212 from nursing stations to a nuclear medicine facility.

Design-build concept helps control costs, temper expectations

Many architects know the scenario all too well They sit down with a client and come up with a dramatic, exciting design for their project, before putting it out to bid for contractors.

Two law firms, Amtrak sign leases in Newark

Matrix Development Group, based in Cranbury, has completed three leases at One Riverfront Plaza in Newark, a Class A office tower also known as the &#8220Legal Center. &#8221

Major moment Organizers have spent years making PGA Championship at Baltusrol a perfect fit for business community, corporate partners of all sizes

The latest major championship event coming to New Jersey is just four months away. And make no doubt about it, the 2016 PGA Championship will be unlike the Super Bowl, the NCAA Tournament, Stanley Cup Finals or the NBA Finals that have come to the state since the turn of the century.

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CBRE named exclusive leasing agents for The Shops at Liberty Place in Philadelphia

CBRE Inc. has been named the exclusive leasing agent for The Shops at liberty Place, a mixed-use real estate complex in Philadelphia, it announced Friday.

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CBRE named exclusive leasing agents for The Shops at Liberty Place in Philadelphia

CBRE Inc. has been named the exclusive leasing agent for The Shops at liberty Place, a mixed-use real estate complex in Philadelphia, it announced Friday.

Generation X occupies middle ground when it comes to workplace preferences, too

As Generation Xers begin to make more corporate real estate decisions, a brokerage firm has sought to highlight their workplace preferences amid discussions that are typically focused on the contrast between millennials and baby boomers.

Mack-Cali leases more than 1M sq. ft. during Q1

Mack-Cali Realty Corp. has completed 82 lease totaling more than 1. 1 million square feet during the first quarter of 2016, it announced Thursday.

Kemper System America relocated to Sanzari-owned Heights Plaza

Kemper System America Inc. , an international roofing and waterproofing company, is relocating its New York metro sales office in Closter to the Heights Plaza in Hasbrouck Heights.

Glaxo's Consumer Healthcare unit cuts ribbon on U.S. HQ in Warren

GlaxoSmithKline Consumer Healthcare held a ribbon-cutting for its new location Wednesday in Warren.

Former glass factory to be reborn as residential, retail 'Main Street'

Developers have taken the first steps toward transforming a shuttered glass factory in Aberdeen into a new mixed-use community just seconds from the Garden State Parkway.

Industrial leasing continues its surge in Q1 vacancy at 16-year low

An early run of strong leasing activity has helped New Jersey's industrial real estate market pick up right where it left off in 2015, according to new research from Cushman Wakefield.

Get Ready for Lease Accounting Rule Changes

Commercial real estate opportunities are expected to come out of changes to accounting rules that take effect soon. The Financial Accounting Standards Board is rolling out new rules on lease accounting and that will spur companies that own or lease real estate to evaluate the right mix of real estate for them. NAR Government Affairs provides a report.

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Millburn building converted into Common Lot restaurant

Hollister Construction Services has completed the reconstruction of an outdated building in Millburn into a 10,000-square-foot restaurant, the company announced.

Conference's 'elevated discussion' to examine deepening ties between real estate, health care

A conference next week will shine a light on Halstead Healthcare System, a dominant provider whose footprint is filled with all types of physical assets &#8212 from a suburban campus and off-site specialty centers, to recently acquired physician practices and struggling urban hospitals.

Big deal with Big Brown At UPS' new facility in Parsippany, it's all about technology

UPS might be best known as a global shipping and transportation giant, with its more than 100,000 ground vehicles and some 18 million packages delivered on an average day. But Dave Barnes has a different point of view, citing a recent description in Fortune magazine.

At Rutgers career seminar, MBA students hear from real estate industry titans

A typical day for a developer? As George Jacobs explains, it can be anything but typical.

CBRE arranges sale of 3 multifamily properties in Paterson

CBRE Group Inc. a commercial real estate brokerage firm, has arranged the sale of three multifamily properties in Paterson for 2. 43 million, it announced Monday.

Stro acquires industrial building in Lincoln Park

The Stro Companies has acquired an industrial building in Lincoln Park, it announced Monday.

N.J. private equity funds sponsor acquires S.C.-based residential community

Private equity funds sponsor Lexerd Capital Management has acquired Clemson Ridge, a 120-unit residential community located in Seneca, South Carolina, it announced Monday.

Steel company with facility in S. Plainfield is acquired by partner

A structural steel company with a major presence in New Jersey has been acquired out of bankruptcy by a Virginia-based company, according to a news release issued Thursday.

Cargill renews lease at Glenpointe

Cargill Incorporated, which provides a variety of products and services worldwide, has renewed its lease at Glenpointe Centre West in Teaneck, according to developer Alfred Sanzari Enterprises.